DGAP-Adhoc: exceet Group SCA: Sale of Swiss company GS Swiss PCB

2021. október 08., péntek, 17:32





DGAP-Ad-hoc: exceet Group SCA / Key word(s): Disposal/Disposal


exceet Group SCA: Sale of Swiss company GS Swiss PCB


08-Oct-2021 / 17:32 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Ad hoc Announcement

Sale of Swiss company GS Swiss PCB


Grevenmacher, 8 October 2021 - exceet Group AG, a company of the exceet Group, signed a contract today with a fund advised by AFINUM Management AG to sell its portfolio company GS Swiss PCB AG. The manufacturer of highly miniaturized printed circuit boards for the medical technology and aerospace sectors is based in the Swiss Canton of Schwyz. The completion of the transaction is not subject to any conditions and is expected to occur until 31 December 2021. The agreed purchase price amounts to approx. CHF 105 million and will increase exceet Group"s net cash position (available cash less interest-bearing liabilities) after transaction costs to about EUR 110 million after completion of the transaction.



Based on the IFRS accounting standard, GS Swiss PCB AG generated revenues of EUR 36 million and an operating profit (EBITDA)1) of EUR 9.5 million in the financial year 2021.



Without GS Swiss PCB AG, exceet Secure Solutions GmbH (whose sale has been completed at the end of April 2021) and Lucom GmbH Elektrokomponenten und Systeme (whose sale is currently being prepared and together with the entities already sold the "Discontinued Companies"), exceet Group does not hold any operating companies. It has already reported the Discontinued Companies accordingly as "Discontinued Operations" in the half year financial statements as of 30 June 2021.



By taking this step, exceet continues to focus consequently on optimizing the value of its activities.



1) Earnings before Interest, Taxes, Depreciation and Amortization (see pages 102 -105 "Alternative Performance Measures" of the Annual Report 2020)

https://ir.exceet.com/fileadmin/downloads/ir/gesch_bericht/exceet_Group_Annual_Report_2020.pdf

Further information:



Hendrik von Gregory

Email: investor.relations@exceet.com

exceet Group SCA

17, rue de Flaxweiler

L-6776 Grevenmacher

Luxemburg

Telefone +352 28 38 47 20



ISIN: LU0472835155

WKN: A0YF5P

Listed: Regulated Market of the Frankfurt Stock Exchange (Prime Standard)



About exceet

exceet is a listed holding company pursuing an opportunistic investment approach without a defined investment strategy. The investment focus is on seizing attractive risk / reward profiles without restrictions regarding the asset class, structure or duration of such investments.











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Language: English
Company: exceet Group SCA

17, rue de Flaxweiler

6776 Grevenmacher

Luxemburg
Phone: +352 2838 4720
Fax: +352 2838 4729
E-mail: info@exceet.com
Internet: www.exceet.com
ISIN: LU0472835155, LU0472839819
WKN: A0YF5P, A1BFHT
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1239499





 
End of Announcement DGAP News Service




1239499  08-Oct-2021 CET/CEST







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